Warranty Policy
WARRANTY - Subject to the limitations of Section 5, Seller
warrants that the Products manufactured by Seller will be free from defects
in material and workmanship under normal use and regular service and maintenance
for a period of one (1) year from the date of shipment of the Products by Seller,
unless otherwise specified by Seller in writing. Products purchased by Seller
from a third party for resale to Buyer shall carry only the warranty extended
by the original manufacturer. THIS IS THE SOLE AND EXCLUSIVE WARRANTY
GIVEN BY SELLER WITH RESPECT TO THE PRODUCTS AND IS IN LIEU OF AND EXCLUDES
ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, ARISING BY OPERATION OF LAW OR OTHERWISE,
INCLUDING WITHOUT LIMITATION, MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE WHETHER OR NOT THE PURPOSE OR USE HAS BEEN DISCLOSED TO SELLER IN SPECIFICATIONS,
DRAWINGS OR OTHERWISE, AND WHETHER OR NOT SELLER'S PRODUCTS ARE SPECIFICALLY
DESIGNED AND/OR MANUFACTURED BY SELLER FOR BUYER'S USE OR PURPOSE.
This warranty does not extend to any losses or damages due to misuse, accident,
abuse, normal wear and tear, Buyer's negligence, unauthorized modification
or alteration, use beyond rated capacity, or improper installation, maintenance
or application. To the extent that Buyer or its agents has supplied specifications,
information, representation of operating conditions or other data to Seller
in the selection or design of the Products and the preparation of Seller's
quotation, and in the event that actual operating conditions or other conditions
differ from those represented by Buyer, any warranties or other provisions
contained herein which are affected by such conditions shall be null and void.
If within thirty (30) days after Buyer's discovery of any warranty defects
within the warranty period or within ten (10) days for quantity discrepancies,
Buyer notifies Seller thereof in writing, Seller shall, at its option, repair,
correct or replace F.O.B. point of manufacture, or refund the purchase price
for that portion of the Products found by Seller to be defective or missing.
Failure by Buyer to give such written notice within the applicable time period
shall be deemed an absolute and unconditional waiver of Buyer's claim for such
defects or shortages. Products repaired or replaced during the warranty period
shall be covered by the foregoing warranty for the remainder of the warranty
period or ninety (90) days from the date of shipment, whichever is longer.
Buyer assumes all other responsibility for any loss, damage, or injury to persons
or property arising out of, connected with, or resulting from the use of Products,
either alone or in combination with other products/components.
LIMITATION OF REMEDY AND LIABILITY - THE SOLE AND EXCLUSIVE REMEDY
FOR BREACH OF ANY WARRANTY HEREUNDER (OTHER THAN THE WARRANTY PROVIDED UNDER
SECTION 6) SHALL BE LIMITED TO REPAIR, CORRECTION OR REPLACEMENT, OR REFUND
OF THE PURCHASE PRICE UNDER SECTION 6.
SELLER SHALL NOT BE LIABLE FOR DAMAGES CAUSED BY DELAY IN PERFORMANCE
AND IN NO EVENT, REGARDLESS OF THE FORM OF THE CLAIM OR CAUSE OF ACTION (WHETHER
BASED ON CONTRACT, INFRINGEMENT, NEGLIGENCE, STRICT LIABILITY, OTHER TORT
OR OTHERWISE), SHALL SELLER'S LIABILITY TO BUYER AND/OR ITS CUSTOMERS EXCEED
THE PRICE PAID BY BUYER FOR THE SPECIFIC PRODUCTS PROVIDED BY SELLER GIVING
RISE TO THE CLAIM OR CAUSE OF ACTION. BUYER AGREES THAT IN NO EVENT SHALL
SELLER'S LIABILITY TO BUYER AND/OR ITS CUSTOMERS EXTEND TO INCLUDE INCIDENTAL,
CONSEQUENTIAL OR PUNITIVE DAMAGES. The term "consequential
damages" shall include, but not be limited to loss of anticipated profits,
business interruption, loss of use or revenue, cost of capital or loss or
damage to property or equipment.